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Why banks can't afford to lose interest of depositors
Submitted by loner on 31 May, 2009 - 2:36pmDeposit rates in Hong Kong have fallen to a remarkable 0.01 per cent, and one bank has even brought it down to 0.001 per cent. This is really as close to zero as you can get. Frustrating, right?
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What did I say then?
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